WHS - Warehouse Group

[winner (n)]

Nice one Hector

Good phrase that 'living impaired'

[Waltzing]

Well actually the staff at T7 were pretty good he other day when we needed glasses protection...

if you buy them at your local bike shop the price would have been a lot higher....

Its just that this GROUP probably has a IT platform problem and the million spent on consultants seems to be that there are people out there that are very good at writing reports...

Reports on methodologly of the reports....

Ad infinitum

When an organisation becomes perpetual it lives for itself...

you can see it in sports bodies funded by tax payer money...

Dick Tonks said that rowing under mike stanley was the greatest producer of paper he had ever seen....

"Screeds of paper" was his exact words.... as i stood listening...

Screeds.....
 
imagine the endless IT development required to track  E S G ...geee

it will be galloping on forever ... 

[KW]

"Used to" being the key words here, BP. Remember too all the me-too Trademe sites that came...and went.  The concept of Market is too late.  The case for an aggregator site in 2023 is just not compelling.

The profits for the Market lie not from consumers buying from them but from TradeMe charging third party sellers for warehousing and fulfilment.  That's how Amazon retail makes their money.  Their own stuff that they sell online actually loses money, its their third party services that makes profits.

[KW]

Here's one for you, WaltzyYou cannot view this attachment.

We have some new ones to add since 2020
- Refuting the premise that the horse is dead
- Paying the media to write articles proclaiming that the horse is in fact, alive and very, very healthy
- Denouncing any person who points out that the horse is in fact dead, as a crazy conspiracy theorist
- Fire, deplatform, and cancel any expert in any field who states that it is their belief that the horse is dead
- Change the meaning of the word "dead"
- When the evidence becomes incontrovertible that the horse is really dead, claim that they never said that it wasnt

[Minimoke]

Wandered into my local Warehouse yesterday. First time I had been in it in years (So long I can't remember). Was quite shocked. Same floor space but a whole lot less stock. Warehosue Stationery has moved in. And they didn't seem to sell much. So much space else where you could swing a cat (when I was last there racking was so tight no chance of swinging a cat. Even a dead one. And the shelves seemed about half full  (may be a successful Boxing Day sale). It wasn't very busy - no queues at the limited checkout. And half the lights were off so had quite the gloomy feel to it. Didn't seem to be too many staff around.

( I gave up on Noel Leeming years ago: good stock range but appalling service) and anything specialised Torpedo 7 has I tend to buy off Amazon or elsewhere).

I bought WHS (after putting morals aside) at IPO years ago and sold out. Nothing about the shop front today would interest me in exploring them much further.

[Waltzing]

Amazing cutting 18,000 E.

wonder if this is just the start in the on line tech sector.

WHS has an up hill battle coming this year and the end of 2024 result will be very interesting but the SP still might not be a BG eve if it halves...

[Hectorplains]

Amazing cutting 18,000 E.

wonder if this is just the start in the on line tech sector.

WHS has an up hill battle coming this year and the end of 2024 result will be very interesting but the SP still might not be a BG eve if it halves...

Think autocorrect might've got you on Amazon

Salesforce, announced on Wed that they're laying off about 8,000 employees, 10% of its workforce.  Prior to that Meta Platforms announced in November that it would lay off 11,000 employees, or 13% of its workforce. So yeah, maybe a bit of a trend.

WHS cut staff back in Oct 2021 - just over a thousand, most of them from the shop floor.   Maybe that was evidence of Nick's forward thinking, leading the world in redundancies...

[Waltzing]

"leading the world in redundancies..."

classic ...

new add on History TV sounding a bit like the TRA lead lady TINA....

this ones a BBQ DJ ...sun block and fashion from farmers?

[Basil]

WHS cut staff back in Oct 2021 - just over a thousand, most of them from the shop floor.   Maybe that was evidence of Nick's forward thinking, leading the world in redundancies...

It really shows on the shop front and not in a good way.  If you want neat and tidy shelves, it's basically a DIY project for customers themselves lol  The local WHS store is an embarrassment and had very few larger men's sized summer wear. 

[Hectorplains]

It really shows on the shop front and not in a good way.  If you want neat and tidy shelves, it's basically a DIY project for customers themselves lol  The local WHS store is an embarrassment and had very few larger men's sized summer wear. 

Grayston said at the time that the redundancies were "to realign some of our store operations closer to the needs of our customers."  Obviously customer feedback had been that a 'hide and seek' approach to shopping was more desirable.  It's for that outside the box kinda thinking that WHS pay him the big bucks, marvellous!

[Basil]

Would be kind of cool to earn $3.5m just to copy and paste the latest buzz words and phrases into speeches and press releases and then spend tens of millions on consultants to do the heavy lifting, pretty cool gig eh 😉

[Hectorplains]

Would be kind of cool to earn $3.5m just to copy and paste the latest buzz words and phrases into speeches and press releases and then spend tens of millions on consultants to do the heavy lifting, pretty cool gig eh 😉

https://www.youtube.com/watch?v=uDq2JVqKys8&ab_channel=tonybennettVEVO

And you can probably get a recording of this at WHS, in the vast racks of CDs that are filed in no particular order and stupidly priced.  And hence that no one buys.

[Basil]

Great song...this one also springs readily to mind.
https://www.youtube.com/watch?v=wTP2RUD_cL0

[winner (n)]

There were some pretty grumpy shareholders at the ASM. Joan basically ignored them.

Bored today (raining) só sent of an email to Company Sec to pass on to Joan. Just reminding her she didn't appear to listen to grumpy shareholders at the ASM but more importantly how her CEO is getting rubbished on investing forums and invited hereto have a read through this thread

Not a good look having a CEO that doesn't get much respect from the investing community I told her and suggested that she have a session with him how he can come across to investors as a switched on CEO, rather than being mocked.

Also suggested the Board as a whole should look at how they communicate strategy and updates.

Won't get any response ...... Joan's been there too long as well so criticism is like water of a ducks back

[Hectorplains]

There were some pretty grumpy shareholders at the ASM. Joan basically ignored them.

Bored today (raining) só sent of an email to Company Sec to pass on to Joan. Just reminding her she didn't appear to listen to grumpy shareholders at the ASM but more importantly how her CEO is getting rubbished on investing forums and invited hereto have a read through this thread

Not a good look having a CEO that doesn't get much respect from the investing community I told her and suggested that she have a session with him how he can come across to investors as a switched on CEO, rather than being mocked.

Also suggested the Board as a whole should look at how they communicate strategy and updates.

Won't get any response ...... Joan's been there too long as well so criticism is like water of a ducks back

I know he's American, and that English then is basically a foreign language, but she should suggest that he dials back hard on the obfuscation speak.  Everything he says is dripping in waffle and ambiguity, such that he actually says nothing at all. 

"...we're reviewing our business and challenging ourselves to make smart, sustainable choices on behalf our customers, so we're very cognisant of being part of the solution. How we help make living sustainably easy and affordable for our customers is front of mind. We don't have all the answers but we're on a journey that I'm very committed to personally."   Nick on... climate change.  Which oddly is what he is most concerned about right now! I guess that's because he's a big picture kind of guy.

As a plus, he'll be pleased to know that his "journey" metaphor is validated in a recent study by Stanford University's Graduate School of Business, in which marketing researchers surveyed more than 1,600 people about the metaphors they used to think about their goals.
Compared to people who used the destination framing or no metaphor at all, the study authors found those who used the journey framing were significantly more likely to continue with the good habits they'd developed — even after meeting their initial goal. https://forge.medium.com/new-research-confirms-the-cheesiest-clich%C3%A9-about-success-e0b2aa9eb8cb